SEDEMAC Mechatronics Limited has informed the Exchange regarding Change in Auditors of the company.
SEDEMAC · price
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SEDEMAC Mechatronics Limited has announced the appointment of M/s. Nilesh Shah & Associates as Secretarial Auditors for five consecutive years from FY 2026-27 to FY 2030-31. The appointment was approved by the Board of Directors on May 18, 2026, based on the recommendation of the Audit Committee. The appointment is subject to shareholder approval at the ensuing Annual General Meeting. The firm, founded by Mr. Nilesh G. Shah who has been practising since 1996-97, brings over two decades of experience in corporate laws and compliances. Note: This is a Secretarial Auditor appointment, not a change in Statutory/Financial Auditors.
This is a routine appointment and generally neutral for shareholders. It does not indicate any issues with the previous secretarial auditor. The long 5-year term provides continuity in compliance oversight.